Holcombe v. Commissioner
United States Tax Court
One of petitioners collected, without payment therefor, used eyeglasses, frames, and lenses from his friends, and patients before and during the years here in issue. This petitioner was well known in the community for his work with indigents and supplied glasses to them without charge. During the years here in issue, petitioner transferred some of the glasses, lenses, and frames he had collected to recognized charitable organizations.
Read the full summary
One of petitioners collected, without payment therefor, used eyeglasses, frames, and lenses from his friends, and patients before and during the years here in issue. This petitioner was well known in the community for his work with indigents and supplied glasses to them without charge. During the years here in issue, petitioner transferred some of the glasses, lenses, and frames he had collected to recognized charitable organizations. Held: The glasses, lenses, and frames collected by petitioner were not gifts to him within the meaning of the income tax laws. Petitioner did acquire ownership…
1Opinion of the Court
Eddie C. Holcombe and June D. Holcombe, Petitioners v. Commissioner of Internal Revenue, Respondent
Holcombe v. Commissioner
Docket No. 7398-77
United States Tax Court
73 T.C. 104; 1979 U.S. Tax Ct. LEXIS 36;
October 17, 1979, Filed
Decision will be entered under Rule 155.
One of petitioners collected, without payment therefor, used eyeglasses, frames, and lenses from his friends, and patients before and during the years here in issue. This petitioner was well known in the community for his work with indigents and supplied glasses to them without charge. During the years here in issue, petitioner…
2Cases cited3 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Charles N. Haverly and Ruth L. Haverly v. United StatesCourt of Appeals for the Seventh Circuit · 1975
- Holcombe v. CommissionerUnited States Tax Court · 1979